Key Points
- Bitcoin 2024 conference’s second day featured notable figures including Michael Saylor and Edward Snowden, sharing insights and predictions about Bitcoin.
- Independent presidential candidate Robert F. Kennedy Jr. pledged to designate Bitcoin as a strategic reserve asset if elected.
The Bitcoin 2024 conference’s second day in Nashville was filled with insights, forecasts, and political statements from influential figures, reflecting Bitcoin’s increasing influence across various sectors.
Michael Saylor’s Ambitious Projections
MicroStrategy CEO Michael Saylor enthralled the audience with his ambitious predictions for Bitcoin’s future. In his keynote speech, Saylor proposed scenarios where Bitcoin’s market cap could reach $280 trillion by 2045, accounting for 7% of global wealth. This could potentially increase Bitcoin’s value to an astounding $49 million per coin. Even in a conservative scenario, Saylor believes Bitcoin could reach $3 million per coin, representing 2% of global wealth. Under Saylor’s leadership, MicroStrategy has accumulated 226,331 Bitcoins, worth approximately $15.4 billion as of the end of June.
Senator Cynthia Lummis’s Stance
Senator Cynthia Lummis, a strong Bitcoin advocate, joined fellow lawmaker Tim Scott on stage to discuss the crypto regulatory environment. Contrary to previous reports, Lummis did not announce new legislation to establish Bitcoin as a strategic reserve asset for the U.S. Instead, she criticized the regulatory approach of the U.S. Securities and Exchange Commission and highlighted the Republican Party’s efforts to protect digital asset ownership in the U.S. Senator Scott hinted at innovative uses of Bitcoin, such as creating “opportunity zones” to spur development in underserved areas.
Edward Snowden, the whistleblower and privacy advocate, also spoke at the conference. He warned attendees about politicians trying to win over the crypto community for their own agendas. Snowden stressed the importance of the crypto community remaining vigilant and independent.
Independent presidential candidate Robert F. Kennedy Jr. made a bold promise to designate Bitcoin as a strategic reserve asset if elected. His plan includes transferring more than 200,000 BTC held by the government to the U.S. Treasury and initiating daily purchases to build a reserve of 4 million Bitcoins. Despite his ambitious proposals, recent polls show that Kennedy still trails behind VP Kamala Harris and Donald Trump.
The Bitcoin 2024 conference is set to continue with its third and final day, with all eyes on Donald Trump’s keynote speech.
